i still very much believe in the PNG gas story and continue to follow KPL. however i have not been as excited about an exploration play for a very long time until the eloro deal was announced. the key thing is the fact that it hasn't been drilled and is nestled within the majors. the exit plan is obvious. the exploration plan is obvious. once again, CMT management have proven themselves. O'Keefe is one of the few i would back blindly without doing too much DD.
this is a serious opportunity for Cott to go many many multiples from current market cap if it can get good results. its amazing exposure to tier 1 potential and gold and copper are nice commodities to be exposed to right now. bring on the first round of drilling and lets see some nice long intersections by midyear!
BDM Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
